Attachments: Bag-it: A successful EA based on the Bagovino Method

Bag-it: A successful EA based on the Bagovino Method

#101
Jan 8, 2007 4:24pm Jan 8, 2007 4:24pm

lmcarlton
| Joined Mar 2006 | Status: Trader | 14 Posts

nvwine,

Thanks for the PM!!

I checked my journal and noticed that a new build was available from IBFX. I contacted them and they sent me the download link - www.interbankfx.com/info/ibsetup4.exe - I downloaded the most recent build. I then added the EA to my experts file and I am now set! Thanks for the suggestion... Hopefully it will help the others having the same issues.

Thanks,
Larry

#102
Edited 2:41pm Jan 10, 2007 11:43am | Edited 2:41pm

jarcrocker
| Joined Dec 2006 | Status: Trader | 65 Posts

Before today the ea seems to work porperly. Attached I have statement and charts for 4 pairs that went negative didn't stop or reverse and now pretty deep. I have some ideas for improvement if you want to hear them fukin. If not, I would like to figure out why the EA did this. Also my RSI set to 14 doesn't seem to be a correct entry point for a few of the pairs. Two entries have not waited for RSI confirm once ma crosses. I think this system and ea has a lot of potential. Does anyone know how this could happen and/or how we could fix it?

Jar

Attached File(s)

bago statement.zip 73 KB | 469 downloads

#103
Jan 12, 2007 3:38am Jan 12, 2007 3:38am

scar_lore
| Joined Dec 2006 | Status: Trader | 1 Post

Received this messege in the Experts Log

17:07:21 Bag-itv12 EURUSD,H1: OrderSendReliable V0_2_3:error: no operation possible because IsTradeAllowed()==false, even after retries.

Any idea why??

#104
Jan 12, 2007 5:05am Jan 12, 2007 5:05am

nvwine
Joined Feb 2005 | Status: Trader | 1,747 Posts

fukinagashi,

My Bag-it EA just developed an error that drained my account in about an hour. For some reason it just kept opening and closing EURCAD trades. So far the EA has worked fine including this currency pair. I'm glad for demo accounts. The EA was profitable until now. This is a DANGEROUS problem. If it was a live account - bad news.

The demo is run on an IBFX mini account. The times on the statement in the PDF are GMT. The zip file contains the two log files.

Any ideas?

Attached File(s)

Bago EA - Error - EURCAD.pdf 67 KB | 569 downloads

Bago EA - Error.zip 8 KB | 400 downloads

#105
Edited 12:54am Jan 17, 2007 12:23am | Edited 12:54am

ut2DaMax
| Joined Jul 2006 | Status: Trader | 592 Posts

I would have liked to try it .... I don't understand the trial period? I was watching this thread when it first started ... just havn't heard the latest. I thought it would be a free to use EA .... ?

IMO
Thanks,

ut2DaMax

Quoting fukinagashi

Disliked

Ni hao,

you guys notice all my mistakes . I try to take a shortcut and forgot the backtesting. Here is the EA which should be backtestable.

Ignored

#106
Jan 17, 2007 2:06am Jan 17, 2007 2:06am

FXtrans
| Joined Nov 2006 | Status: Trader | 8 Posts

Quoting fukinagashi

Disliked

Ni hao,

you guys notice all my mistakes . I try to take a shortcut and forgot the backtesting. Here is the EA which should be backtestable.

Ignored

haha, so kawaii guy.
Konnichiwa, thanks for the great job.

#107
Jan 17, 2007 2:13am Jan 17, 2007 2:13am

crazyfx
| Joined Nov 2006 | Status: Trader | 7 Posts

I found also that error: at some point it started opening and closing orders within seconds on eurusd, losing the spread, then stopped this crazy behaviour and continued normally.
I think this is very dangerous, it can quickly drain your account, it is not reliable to play this ea on live accounts, especially not having the source code.
(note also the fancy '666' signature in the comment!)

Attached File(s)

bagovino errors.txt 8 KB | 446 downloads

#108
Jan 19, 2007 4:54am Jan 19, 2007 4:54am

ale.agos
| Joined Jan 2007 | Status: Trader | 5 Posts

Hello Fukinagashi!

I'm completely new to forex market but I've got some experience in stock's trading before.

I like a lot your EA and also Bagovino method because it work simple and anyone can understand it.

Also, like many people says, simply things work better than more complicated ones so I’m completely glad to you and Bagovino for share with us yours secrets!

After that I would like to suggest you some improvements for your EA regarding money management and trade’s control.

Obviously follows are just suggestions and ideas so I will be happy to have your feedback about them.

About trading time:

do you think that could be possible say to EA day times where is better to avoid to start new trades? (i.e. 30 minutes before news release or so on and also some particular days during week like Monday or Friday)

About money management:

do you think that could be possible say to EA to check max loss for each day before start a new trade? (i.e. we can fix 600 $ as max daily loss and EA will check if the level has been hit before start a new trade, this with the goal to have major controls on the overall EA work and to preserve equity in event of any EA problem)

That's all, hope you will excuse my poor English!

Happy pips to you.

Alex

#109
Jan 24, 2007 10:27am Jan 24, 2007 10:27am

brojamma
| Joined Jan 2007 | Status: Trader | 16 Posts

Any updates on Bag-it? I've been forward testing it on a demo account for 2 weeks and I'm getting great results. So far EVERY trade has been a winner. My $5000 balance has doubled since last Monday! I haven't run into any errors yet.

Anyone else have any more information on the errors? Are they being addressed? I'm dying to try this out on a live account but I'd like to test it on a demo for at least 2 weeks with a version that isn't going to malfunction and drain my account! This thread seems to have died down and I'm confused as to why - this EA appears to have enormous potential.

#110
Jan 24, 2007 4:54pm Jan 24, 2007 4:54pm

fukinagashi
| Joined Apr 2006 | Status: King of Fools | 153 Posts

Quoting scar_lore

Disliked

Received this messege in the Experts Log

17:07:21 Bag-itv12 EURUSD,H1: OrderSendReliable V0_2_3:error: no operation possible because IsTradeAllowed()==false, even after retries.

Any idea why??

Ignored

That is a server side problem. Try to open a trade manually when that happens and you'll see that this won't be possible neither. Change the server.

#111
Jan 24, 2007 4:56pm Jan 24, 2007 4:56pm

fukinagashi
| Joined Apr 2006 | Status: King of Fools | 153 Posts

Quoting nvwine

Disliked

fukinagashi,

My Bag-it EA just developed an error that drained my account in about an hour. For some reason it just kept opening and closing EURCAD trades. So far the EA has worked fine including this currency pair. I'm glad for demo accounts. The EA was profitable until now. This is a DANGEROUS problem. If it was a live account - bad news.

The demo is run on an IBFX mini account. The times on the statement in the PDF are GMT. The zip file contains the two log files.

Any ideas?

Ignored

Quoting crazyfx

Disliked

I found also that error: at some point it started opening and closing orders within seconds on eurusd, losing the spread, then stopped this crazy behaviour and continued normally.
I think this is very dangerous, it can quickly drain your account, it is not reliable to play this ea on live accounts, especially not having the source code.
(note also the fancy '666' signature in the comment!)

Ignored

This oscillation is honestly the worst you can ever have.

It happens when the market is active and swings within a small amount of time just to give two opposite signals. This is normally not supposed to happen since I check as well the history of signals before, but it happened. Thats why we fronttest.

Long story short: I will protect the v13 against this behaviour, by implementing a timeout. Thank you for remarking and posting this issue!

#112
Jan 24, 2007 5:06pm Jan 24, 2007 5:06pm

fukinagashi
| Joined Apr 2006 | Status: King of Fools | 153 Posts

Quoting ut2DaMax

Disliked

I would have liked to try it .... I don't understand the trial period? I was watching this thread when it first started ... just havn't heard the latest. I thought it would be a free to use EA .... ?

Ignored

I gave the explanation in Post 1 and repeated and explained it further in Post 15 and Post 47. I see you seem honestly interested, thus I encourage you to read the thread. (I hope this does not sound rude!

)

#113
Jan 24, 2007 5:17pm Jan 24, 2007 5:17pm

fukinagashi
| Joined Apr 2006 | Status: King of Fools | 153 Posts

Quoting ale.agos

Disliked

Hello Fukinagashi!

I'm completely new to forex market but I've got some experience in stock's trading before.

Ignored

Quoting ale.agos

Disliked

About trading time:
do you think that could be possible say to EA day times where is better to avoid to start new trades?

Ignored

Possible but not foreseen. This brings a rat tail of problems regarding different timezones etc. I had that mess at StrategyBuilderFX and the Hans123 Method & EA and I honestly don't want to get into it agin. Sorry.

Quoting ale.agos

Disliked

About money management:
do you think that could be possible say to EA to check max loss for each day before start a new trade?

Ignored

I guarantee you, if you run any EA on real money, you'll check it hourly if not more frequent

.

Actually the more superior method of money management is to invest only a certain percentage of the capital (e.g. 2-3%) which can be done by using the parameter "ExtMaximumRisk" (set it to 0.02 and 0.03).

Why? Now, I hope you only will use this EA, once you are convinced that it is gaining more money then loosing. So you rather invest consistently small amounts of money, then investing alot and just stop at one point.

I should just quickly point out: I do not encourage to use this EA on real money. If you do it, it is utterly at anyones own risk.

#114
Jan 25, 2007 3:49am Jan 25, 2007 3:49am

ale.agos
| Joined Jan 2007 | Status: Trader | 5 Posts

Quoting fukinagashi

Disliked

Possible but not foreseen. This brings a rat tail of problems regarding different timezones etc. I had that mess at StrategyBuilderFX and the Hans123 Method & EA and I honestly don't want to get into it agin. Sorry.

I guarantee you, if you run any EA on real money, you'll check it hourly if not more frequent .

Actually the more superior method of money management is to invest only a certain percentage of the capital (e.g. 2-3%) which can be done by using the parameter "ExtMaximumRisk" (set it to 0.02 and 0.03).

Why? Now, I hope you only will use this EA, once you are convinced that it is gaining more money then loosing. So you rather invest consistently small amounts of money, then investing alot and just stop at one point.

I should just quickly point out: I do not encourage to use this EA on real money. If you do it, it is utterly at anyones own risk.

Ignored

Hi fukinagashi,

thanks for reply!

I can understand your position about use of EA with real money, anyway you should know that everyone who play with Forex, Stocks and so on aim to be able to gain real money...

Happy pips to you,

Alex

#115
Jan 25, 2007 12:20pm Jan 25, 2007 12:20pm

Why Oh Why
| Commercial User | Joined Sep 2006 | 1,911 Posts

Quoting brojamma

Disliked

I'm dying to try this out on a live account but I'd like to test it on a demo for at least 2 weeks with a version that isn't going to malfunction and drain my account! This thread seems to have died down and I'm confused as to why - this EA appears to have enormous potential.

Ignored

I'm in. I agree. Live account with 5 minute updates here. The 2 long EURUSD are mine. Everthing else from the time of this post will be made by the Bag courtesy of fukinagashi. Thanks mate.